I don't know who needs to hear this, but an economy controlled by a handful of oligarchs isn't a "free market."
I don't know who needs to hear this, but an economy controlled by a handful of oligarchs isn't a "free market."
For sure ! In the uk we realised mid '80's the free market 'competition' narrative would never result in cheaper prices for anything - only big wins for shareholders; many utilities and public transport still to this day bailed out by taxpayers. #PaymoreGetless 😬
No 💩 smh unbelievable you have to explain it.
Obviously you don't know who needs to hear this or you would have been communicating with them instead of years of talking to the progressive bubble and never changing any minds.
“You just speak to a bubble”- you yell even though you are clearly not part of that bubble and seeing his message *cough*
his messaging has been remarkably consistent for DECADES wtf
>Zionist Good-bye, nazi
More like Free for them. For us all it's "Alms, Alms for the poor"
The oligarchs now seem to be the Republican Party daddies. Lots of money going there.
It is the formulas that we’ve operated under for the last two hundred years, there was a recognition and steps taken to rein in the thirty years after WWII, but slowly taken back with the arrival of reaganomics, that’s what reaganomics was and who it served was the “rubber barons” and corporations
💪
Would u prefer a free, covetous communist market, like they had in The Soviet Union, which didn't allow oligarchs & which collapsed, along with all the other covetous communist countries around the world & covetous communist gov't-controlled rents have virtually collapsed our private rented sector!
No, we would prefer a strongly regulated capitalist market with strongly progressive income tax and very high capital gains tax and stock market transaction fees.. For a start. Corporate law changes too. Big changes. Nice strawman though..
Hi MN, In general I agree with you - but I urge caution by saying that, the further left a country goes, the nearer it comes to communism (and thus to collapse) and some are very able to dress up covetous communism in such a way that it makes many forget that this system was and is a total failure!!
Also, while not endorsing Marx in the least, ( silly idealist,) have to point out that communist nations used communist religion to con their people into supporting bog-standard despotism. Communism works great with small, ethnicly-homogenous groups. Not so much real nations.
"works great" for awhile at least. A lot of communes and kibbutzes explode eventually. People are difficult
Your warning is ahistorical at the least. What I describe is much closer to the US economy during the Eisenhower administration, when the US was rabidly anti-communist. The best capitalism is highly regulated and restricted. What we have now is an orgy of destructive greed.
I believe that one of the major reasons why communism collapsed worldwide is because they tried to remove the profit motive, WHICH IS WHAT GETS THINGS DONE! I advocate moral capitalism and reasonable tax and regulation, which if we're not careful become covetous communism and collapse the country!!
"covetous communism" is, to me, a contradictory phrase. The selling point of communism is fairness and sharing.
The selling point of communism is that the mob will rob the wealth/the means of production from the rich BY FORCE & THEN THERE WON'T BE ANY MORE DESPISED OLIGARCHS, WHO'LL BE FORCED TO BECOME FARM LABOURERS. And before very long the whole shameful & sorry mess starts to creak & crumble & collapse!!
Sounds like we're closer in opinion than it seemed. Here's my soapbox line; Capitalism is like fire. Powerful tool when tightly regulated. Left on it's own it will burn your house down.
I agree that we're closer in opinion than it seemed at first, MN. That's an interesting soapbox line - I'd just add:- If too tightly regulated, fire GOES OUT & the covetous communists persuasively & relentlessly agitate for too tight regulation and tax etc, WHICH MAKE THE CAPITALIST FIRE GO OUT!!
It's more like "a dark forest".
An economy ruled by oligarchs isn’t “free” or a “market”; it’s feudalism in a suit. When wealth pools at the top, democracy suffocates and liberty becomes a brand for sale. We must stop calling plutocracy capitalism—it’s aristocracy with better PR.
It's capitalism
This economy is sinking also. Inflation is way up. Eggs are back down but everything is sky high.
The “free market” has been disappearing for years. Oligarchs and big corporations bought up all the businesses and created oligopolies. They keep brand names to look like they are separate but look at many consumer goods, foods and retail items, and you will see one corporation owning most others
Or fair
📌
But people fall over themselves to throw money at Disney...who buy up competition...it's almost a religion...ugh!
I'm not a politician, a humanist who looks on the 🌎 The situation is such that the US urgently needs to rearm, and a huge infusion of money into the Military Industry is needed, which means that the oligarchs will also participate in this - just like, for example, it happened in Germany in 1935.
I look at the life of the planet realistically. All major countries are now arming themselves, and this is already a fact.
I understand you Robert. But to fight Russia, you need very good weapons. I believe that now all the power of American technology will go to rearmament according to the new patterns of the 22nd century. This requires huge capital investments from both the US and NATO.
Remember Occupymovement? Remember how they looked down from the office buildings &laughed THE PROBLEM IS💰💶💰💴💰 POOR PEOPLE DON'T HAVE A LOBBY, AND NO MONEY TO USE AS INCENTIVE, SO THOSE THAT DOOOOOO....GET ALL OF THE PIE.🥧🥧🥧🥧🥧🥧🥧🥧🥧🥧🥧🥧🥧🥧 WE HAVE NO CLOUT. MONEY=POWER WE HAVE NO POWER. AND THEY KNOW IT.
But they also know we are a multitude, and they are absolutely scared of it. The problem is that we, like you - with all respect - don’t know we are a multitude
That's certainly not a free market😱
I know who needs to hear it. EVERYBODY needs to hear it.
I agree. Free markets require referees and transparent information.
No it's their idea of a free market. No bothersome federal regulation on their freedom to do whatever they like.
Corporatism is fascism without the panto costumes.
That is called communism and its why trump loves putin so much
Nope it hasn’t been for a long time
What’s with government stakes in industry? Sounds like socialismor better yet communism to me. Isn’t this what MAGA always throwing at Dems ?
Actually, you can’t call it economy either.
Yeah...but...Wall Street is doing well.
“American Companies and American Consumers Pay the Cost of American Tariffs”. Mike Pence Former Republican VP
The who in your statement is everyone!
Wake up humanity, a national strike is a must now, while they are going full speed implementing project 2025, we are just complaining, complaining and complaining, that will not help. We must organize and strike ASAP.
To Republicans, FREE is synonymous with ME.
And isn't going to do well. 📉
It’s Central Planning, Soviet style! It even includes Soviet style corruption, and sweet bargains for loyal oligarchs.
The economy should be measured by the grocery store and not the stock market
Nor a free press.
That political narrative about oligarchy is empty political rhetoric that's not fooling anyone. That's who both parties serve. That's who Congress serves and has been serving for decades.
correct. but a free market would also be bad, Robert.
It’s crony capitalism and it’s bad for everyone but the cronies, (who are all the worst people btw).
It's time for another revolution... Blue 💙 against Red ❤️ again Stop all the talking and let's get this shit started already
Are economists who could not figure out or talk about Planned Obsolescence in Automobiles by 1980, a decade after the Moon Landing, worth taking seriously? How is it that the Depreciation of Durable Consumer Goods, like cars, is not in the Net Domestic Product equation? What is NDP anyway?
bsky.app/profile/thom...
bsky.app/profile/umbr...
As long as the Electoral College exists, the entire public ballot for POTUS is a mirage intended to provide the illusion of a popular vote. 538 mostly ignored VIPs make the pick for us.
“the ratio between the market value of the companies in the S&P 500 index and the companies' book equity. The key figure is now at 5.45x, which is just below the record from the dot-com bubble at the turn of the millennium." P Ringholm. cant be easy to make a profit from those numbers #savings #S&P
A democracy controlled by a handful of oligarchs is not a free country.
The only free market is Nanocurrency #XNO #Nano. Fixed supply and feeless. No mining, no staking, just pure digital hardmoney. Nano.org
We are going down!
Dems are not capable of effective messaging.
But it IS a side effect of when oligarchs own the press and tell people that letting them turn into multinational conglomerates and and avoid all their tax, plus when they fund "lobbies" who tell Congress what to do. Or in other words: when the free market isn't put on a very short leash.
No it’s not! It’s a controlled market!
I don’t know who needs to hear this, but a “free market” has never and never will exist. Capitalism is not competition on an even field, it is a system of social organization designed to keep wealth in the hands of the bourgeoisie.
Also, captive markets, like that for health care, will NEVER be "free markets".
Certain sectors should never be commodified anyways, and healthcare is certainly one of them
Advanced, civilized nations figured this all out some time ago. Americans just LOVE to flush money down the golden profit toilet. They think it's better quality health care, but Americans pay twice what citizens do per patient in civilized nations, & enjoy lower lifespans for it. nationofluigis.com
It's the racism...again. no socialized medicine in the fucking 40s bc black ppl would get it too🙄
Agree. There are some things that should never be privatized. Trump is trying to do that for the monetary gain. You just know how hand is in any pot he wants to privatize.
Single public payer. No insurance companies. No middlemen. Watch the costs fall.
The USA Multipayer Insurance-based Private Equity healthcare system is OVER TWICE THE COST of any other on the planet,beith mediocre outcomes. Why?! Lurid, ridiculous Profit-taking by plutocrats. Look at it. USA is On its Own, almost off the Page 😳🥀⚰️
Nor should health care be a free market experiment.
Free markets for healthcare has not proven to be successful. It’s actually proven to be a race to the bottom,
If profit was the goal, the health care market has been vastly successful. Less so, if the goal was ensuring that every person in the United States has access to quality health care.
Profit has always been the goal of the for-profit structure. Survival & long-term hlth not the goal. But the amer ppl continue to vote for the 4-profit hlth ins sys except 4 Medicare which is actually quite efficient. Ppl continue 2 think ‘I want choice’ if they have an employer w/ great hlth ins
As an old Marine, it pains me to say that a good percentage of my fellow Americans are appallingly stupid, which wouldn't be so bad, but for their mean streak.
When US was manufacturing power house with strong antitrust laws & few, if any, monopolies, the economy was truly free-market. But capitalism run amok & corps merged in the name of "efficiency', i.e., profit greed. Manufacturing offshored & prices raised chasing the last dime in US consumers pocket.
Agree.. with one caveat. "Free market" is a fundamental oxymoron. No such thing really exists. Lets say those were well-regulated functioning markets. ( I know.. "free market" sounds better and is more concise.. yeah..🫤)
It is for them
It’s an oligopoly!
That’s for sure! It’s an oligopoly!
So when does all this come crashing down??
100% Fact !
And a rubber stamp Congress isn’t a government
And they screamed at me sayin i am an idiot , useless , no substance , one big mouth , i am in a legit bind , America , how do ya fight a corrupted system that's legitimate with corruption baked in as a feature not a bug , that is law ? I scratched my head bald and still wonder what am i fightin for
Here's the paradox , my beloved Sage Of Berkeley You can't reform a process where the reformers are owned by the people who need reforming.
Maybe focus on local politics where your voice still matters. Maybe build parallel systems that don't depend on the corrupted ones. Maybe just accept that the federal government is a lost cause and invest your energy elsewhere.Because fighting a rigged game just exhausts you.
en.m.wikipedia.org/wiki/The_Lim...
It's like measuring the health of a neighborhood by looking at how expensive the mansions are getting while ignoring that everyone else is getting evicted.
Wall Street can be partying while Main Street is struggling to pay rent. Stock prices go up when companies find new ways to cut costs - which usually means firing people or squeezing workers harder. Great for shareholders, terrible for the workers getting squeezed.
The stock market doin real darn well now but stock market not a fair economic indicator Because the stock market reflects investor confidence and corporate profits, not the real-life wages, jobs, and costs that define the broader economy.
Ya think it's binary ? ALL parties benefit from this rigged game. Democrats complain about it publicly while cashing the checks privately. Republicans don't even pretend to be bothered by it. The whole system runs on legal corruption now.
Corruption is legal , that citizens united thing legalized and united to screw all the middle class citizens to benefit all political candidates , ALL PARTIES , how ya deal with that ? Roll with the punches , prof
Neither are tariffs. They stopped caring about free markets when they realized Trump was their path to bribery for protection against competition.
Yep it’s a “fire insurance” shakedown that makes the mobs look like nickel-and-dime amateurs.
"Whaddya mean you don't want any?"
I'd say the natural path of unregulated capitalism is to consolidate and eliminate free markets.
Every Republican in America.
It’s closer to Communism than they think.
Nor is a country controlled by the whims of a King…
Watching “The Gilded Age”. Some things never change!
I think a lot of people need to hear it, but it's something I have been saying for years. You can argue about communism and capitalism, but what we have isn't even capitalism in the sense of free and fair competition.
What we have is a very clearly capitalism, it just sucks. Capitalism sucks. This is literally exactly how capitalism will always end up. With a tiny select few owning everything. This has been in writing, very clearly explained out, for 100+ years.
I can think of a handful of oligarchs who could stand to hear it.
www.pitchforkeconomics.com/episode/how-...
Bob I think Americans understand "mob boss" way better than oligarch. Trump is an emboldened convicted felon & incompetent mob boss. Not the best combination for sure. But people in USA won't have to "look that up"- which takes effort. #IfYaKnowWhatImSayin 😉
We really do have a Mafia president.
An economy controlled by hundreds of thousands, or millions, of sub-oligarch capitalist millionaires isn't a free market either. You're fine with neoliberal elite rule, as long as it's you ruling. That's exactly why the US got where it is. Bernie would definitely have beaten Trump.
It's not...? But they've told us so for decades...?
No one who needs to hear this follows liberal commentators. This is why we need new media that will appeal to diff audiences, to spread truth further and wider than the lies are being spread. Since most media are now Right Wing media, most ppl get only the lies. upine.medium.com/time-to-solv...
AAND....IT'S ONE OF THE PRIMARY CAUSES OF UNFETTERED INFLATION! Thank you Sur!
I will tell you the truth. Putin at this moment is in a very precarious condition, facing financial ruin and revolt at home. Will he wiggle out of this thanks to his good buddy trump?
It's free of influence from the little people, for heaven's sake. What do you want - total chaos ?!?
He says what?
Isn't the economic term for an oligarch-controlled economy a 'captured economy'? www.amazon.com/Captured-Eco...
There are a lot of terms for it. "Captured Economy" works.
It's free for them😳
That's why we must push back against the WEF, CFR, Bildeberg Group, Davis, the globalists (redundant), and eliminate the Federal Reserve. Bring US financial power back under the Treasury Dept.
PRESIDENT TACO TITTS, MAGA, & REPUBLIKKKAN PARTY WILL FOREVER BE A GREAT BIG NASTY SHITSTAIN ON AMERICA AND THE AMERICAN FLAG!!! AND NEVER FORGET THE ORANGE ASSCLOWN JESUS SHITSTAIN WILL BE THE LAST PRESIDENT, HE WILL CANCEL THE 2028 ELECTION, HE WILL START NUCLEAR WAR, JUST AS EBE3 WARNED IN 1964!!
Who knew "self-regulating free markets" would turn into monopolies and self-imploding corporate welfare whores? Millions of us.
Even better: if a corporation has to give % of ownership to government- that IS socialism! But stupid MAGA does not understand because they do not know what socialism is!
digitalgallery.bgsu.edu/exhibits/sho...
It's: Rigged Market Capitalism.
It was never a free market, its always been a manipulated market where those with capital use that capital it to bend the market, through the government, to protect their product against fair competition.
My boomer parents need to hear this but they won’t.
exactly, buying a new phone in the next few days, and it will not be an Apple phone www.usatoday.com/story/news/p...
That's capitalism, working normally.
Apparently about 40% of our country needs to hear it
Private equity companies! Shell companies that are immune from any law, tax, morals and ethics!
Is there an economy anywhere that is a free market?
Nor a fair market.
A free market has always been an ilusión.
Stealing from the rich is illegal. Stealing from the poor is capitalism
YOU demanded we FINANCE the Transgendered community. HOW IRONIC. You CANT BE Transgendered. You CANT CHANGE SEXES. Okay? Trump doesnt know WHAT TARIFFS ARE, and YOU dont know that Changing your SEX, is impossible. We lost the election, over less than 1/100th of the Voters. On people that NEVER WERE.
🎯
Let alone a naughty and nice list based on who offers a him s bribe.
FR what are we even doing here?
Nobody needs to hear this. We know. But every economy depends on production. Every corrupt official does too. They keep punching us in our pockets. Maybe stop the flow into theirs. We’re going to be sharing stone soup soon, by their design. Let’s see how long they stomach it, stocked bunkers n all.
Look up products to purchase and websites point you to Amazon or Walmart. Purchase elsewhere or do without.
Reich’s statement was interesting, so I spent my time reading all the comments. You and very few others, imo, said the best answer, which is an answer. Donella Meadows would have said the same
A fable for our times. read.gov/aesop/063.html
✊ We Stand Up In The Face Of Oppression!! ✊
Even the ones who need to hear that still can’t comprehend it because they are so lost and believe that DJT is their “savior”. They are dumb and blind. Let them stay that way.
An economy where the government holds a 15% stake in what businesses can export to the rest of the world isn't a capitalist economy either.
It's probably too late but people need to stop buying goods and services from the likes of Amazon ect. Support small grass roots businesses.
Reich’s statement was interesting, so I spent my time reading all the comments. You and very few others, imo, said the best answer, which is an answer. Donella Meadows would have said the same
Who are these “Oligarchs” who “control” the economy. I’m sorry but Reich has made a career out of spouting this kind of nonsense. He makes people feel like victims and does all of his followers a disservice. He can’t fade into obscurity fast enough.
Yep AI Overview: "Extreme oligarchy" refers to a form of govt where power is concentrated in the hands of a small, wealthy elite, resulting in significant inequality and a diminished role for democratic institutions. "
continued... "Concentration of power can manifest in various ways, including control over media, technology, and political decision-making" We are entering the extreme oligarchs phase now.
I think this one might be worse that the Gilded Age. They're certainly a lot sneakier.
God said you’ll know mine by their deeds. Their deeds serves the devil👹 by doing opposite of what they say.Results’re:ruin world🌍economy, causeless wars,suffering of humanity Thank God,He removed the veil EXPOSED system of exclusion & lies. May God help #humanity #free ourselves, #Peace to🌎 Amen🙏
The President interfering in the management of private companies & taking a 15% slice of a company’s Asian market income isn’t a free market either. It’s crony capitalism. 🫤
You hate free markets, so shouldn't you be happy? And Republicans haven't supported free markets since 2015. This is just generally out of date. Gotta update your dunks.
Welcome to the Billionaires Gilded Age!
Looking forward to turning the tables and shutting this $hit down!
Trump is even able to pull in those who we never thought he could. It's clear in many of the comments.
I do know who needs to hear it. Everyone.
So what's the solution? Maybe this? 👇
So much in front of people! They have to look! bit.ly/4nYLGqW @iwillnotbesilenced.bsky.social @gigiangel.bsky.social @dailykotzn.bsky.social @cardonebrian.bsky.social @glennkirschner.bsky.social @tizzywoman.bsky.social @malena.bsky.social @bannerite.bsky.social @redrebel.bsky.social
Traitor tRUmp will be gone soon. Muscovy will collapse soon. Good news finally.
It's a market freely manipulated by the oligarchs.
Drain the swamp by releasing the Epstein files!
Trump did drain the swamp! The swamp is everywhere now!
He hired the Creature from the Black Lagoon for the job!
The people who need to hear it most are folks like bulwark contributors, the "good" repubs who did everything they could to usher in the age of trump, then blamed everybody else but themselves.
Sure it is, free for them to take all our money.
bsky.app/profile/abdo...
So true. We the Majority really need to get better and quicker at using accurate language as MAGA tries to negate it. Something like “captured market”? Also, we have no one doing the job of president. Shouldn’t we call him a “fake president”?
Trickle-down economics is the biggest con that the rich have ever pulled on ordinary people. Economists, media, and politicians are complict in the con.
Thanks, Ronald Reagan.
He says, as if there's ever actually been such a beast.
Exactly!!!
Who cares what you call it when you just can’t pay your bills? Stress, despair & anger is what we are fighting against bc it’s beaten people into inaction. Calling people in OH scheduled to be removed from voter rolls in 2 weeks, too many said: “I don’t vote—makes no difference” Apathy mountain.
No kidding Sherlock, rather stating the obvious there.
Glad to see you finally come out against Blackrock, Vanguard and other Jewish-controlled financial institutions
I’ve actually had a lot of luck explaining this to MAGAs and conservatives. It’s a pretty effective talking point that even cult members can understand. Trump is issuing broad tariffs and then making exceptions specifically for companies who grovel at his feet. This is not capitalism.
Gee I've been sayign that since Clinton Imposed it. You Just now figuring that out.
Everyone needs to near it!
The “Free Market” people have never wanted a free market. They want a market that they control.
Free capitalism in USA is dead...Trump now picks the business winners and losers.
So true, Robert!!!!
No frikkin' shit, Sherlock. Econ 101
I’ve been saying this for many decades. I’m probably more of a free market capitalist than most people on either side of the aisle. The problem is that we’re not enjoying a free market so it can’t work. We’re living in a rigged market under control for the rich by the rich.
I hope all the MAGA’S who voted like they voted heard you!!
hahahaha I've been saying this. it's not actually funny but it certainly is true
A country where masked unidentified paramilitaries with machine guns can disappear anyone off the street isn't a "free country" either
Isn’t there also something about monopolies messing with the entire free market system? 🤔 I swear I learned it in Econ 101. JD Vance is pushing Citizens united on steroids. www.reuters.com/legal/litiga...
I've never felt less free than currently.
CROOKED STUPID AND UGLY “RADICAL FAR RIGHT LUNATIC SCUM” in the White House is OUT OF CONTROL! NO DOUBT! Some very fine people claim he's mentally ill. Not me, but I think they're righ! SOMEONE SHOULD FINALLY EXAMINE HIS MENTAL STATE!
IMO he has a personality disorder. Mental illness can be treated, but personality disorders, like narcissism & sociopathy, are difficult to treat because the patient is so manipulative. Mary Trump said he was a low-functioning sociopath unlike his dad Fred Trump who was a high-functioning sociopath.
www.reddit.com/user/Mondeva...
Get back in your doll house ❤️
Moving swiftly to a state-controlled economy. Sounds a lot like Russia.
Wrong question Bob. Everyone NEEDS to hear it. But fully a third of our voting population refuse to BELIEVE it. And THAT (IMO) is the biggest problem.
Luigi up
My guess: still quite a lot. When you look at Timothy Snyder‘s take in „On Freedom“ - it makes more sense to have free people than free markets. Free people can decide on market control. Right now, the US rarely has price tags for raw materials and the environment. Some people are paying, though…
The “Guardians Of Pedophiles (GOP)” of the Psycho-Felon-WH MUST be KICKED OUT 🦵 of MAJORITIES of US Congress…. ‼️ Must be done ✅ without fail for the SAKE of CHILDREN of the USA 🇺🇸 if not for rest of our lives …. ‼️ Let’s KICK OUT🦵 the “Guardians Of Pedophiles (GOP)” out of MAJORITIES of US congress
Good thing we don't have that. Yet.
I know right? I think Econ 101 and 102 ought to be taught in the 11th and 12th grades. Good God the ignorance in this country is at a level that is embarrassing these days,
It's funny when "Free Market Capitalists" suddenly want government intervention when other countries "Free Market Capitalists" are doing a better job and creating products and services for less.
It has worked out for Putin and his friends
Thank you. If Biden did any of this, Republicans would be howling about "socialism". What a bunch of hypocrites.
Then redifine "free market" to match reality. That's how Newspeak works.
Okay but what if their hands are INVISIBLE
😂
Between mass firings and cancelling govt contracts, we've lost at least half a million jobs in the DMV. Several of my neighbors have been hit and one is selling his house. There are no jobs to have here. We hit recession status in March. That we have any economy at all at this point is good.
Unless you’re in Russia.
It’s a failed market in that it’s not sustainable. For how long can it last?
Unfortunately too damn many people need to hear and understand this b
Even without the oligarchs the concept as commonly expressed is nonsensical. It's junk economics for people who don't understand how monetary economies work.
It's called Russia.
As soon as the real free markets get to see that Trumps administration is distorting all the financial/economic data & hiding a lot, then it'll remove its funds from the USA as simply too unreliable to trust
I needed to hear it. It would have been very hard for me to reuse the quotation had I never heard it.
It’s an oligopoly, where by definition a few sellers have price control in a market. It’s a bad thing.
All companies should be non-profits. What are the profits used for? Gambling by wealthy investors. Also, investing in projects/businesses, but that could be done by a capital investment business that's a (wait for it) non-profit.
Republicans are led by a criminal and constantly interfering in markets, states' rights, and the right to self/home rule. They have turned nearly 100% against core conservative principles. The only part that hasn't changed much is the entitlement of the wealthy to call all the shots & pay few taxes.
Well, that's capitalism.
He’s too much of a bot to make that connection
Robert Reich the former Secretary of Labor? a bot?
Yes
No he isn't
Well, that’s not the whole truth. Our economy is controlled by all of the politicians in DC, who make whatever decisions that will guarantee them a huge amount of money.
Greed is so thick that before it Wayne the planet will be a cinder from global warming!
It's the same difference - and this has been going on forever, as Rawls noted - between distributive justice vs allocation. It's a planned economy, which is why they say "socialist" so much, to trick you.
Disgraceful, disgusting, delusional Larry Kudlow came up with the term "Trickle down" economics. That never worked. We need to try tax cuts for low, middle income workers. Try trickle up. Larry's still around. Still spewing.
We need Grow Up economics.
When the oligarchs control the oceans, rivers, lakes & reservoirs, they also control what little trickles down. Tax billionaires out of existence.
Every billionaire [and most millionaires] is a policy failure.
Trickle up is valid. Help the working poor and middle class which must include African Americans and all minorities and you raise all boats. Just help the rich and the people suffer. #econsky
via Will Rogers.
Soak up They can compete for the money. Universal basic income.
Subsequently, renamed trickled on...
Oligarchs indeed: kakistocrats, all of 'em!
Right?!
What are we hoping to do about it…It’s way past the time people should have a general strike. They control the level of power to toss out the rule of law. They have thrown away the very Constitutional safeguards of we the people and we sit and ponder our common future!
Of course but the oligarchs don’t want you to know that
There is no such thing, called ’free market’.